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Fiscal commission readies review of FY23 single audit, urges tracking of internal-control deficiencies
Summary
Commissioners were briefed on the structure and purpose of the ACFR and told the FY23 single audit and auditors' communications (MOIC) are expected soon; the commission discussed tracking deficiencies year-to-year and decided to await incoming documents before detailed follow-up.
The Davis Fiscal Commission on March 1 received an overview of the city's Annual Comprehensive Financial Report (ACFR) and the audit materials commissioners should prioritize, and was told the fiscal year 2023 single audit and auditor communications are expected imminently.
The director (speaker 3) explained the ACFR contains the auditor's independent opinion, the management discussion and analysis and the fund financial statements. "What you're looking for is the opinion," the director said, describing an unmodified ("clean") opinion as the…
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